WHY WE’LL BE SEEING MORE MERGERS AND ACQUISITIONS FROM CAR FIRMS
“IF WE FIND areas where partners and co-operations make sense to give better cars to customers and returns to shareholders, I’m very open.” So says Fiat Chrysler Automobiles boss Mike Manley on the topic of mergers. “If the opportunity comes, we will consider it,” says PSA Group chief Carlos Tavares on the same subject. And with Robert Peugeot, chairman of PSA’s holding company, saying that it would support a merger or acquisition with FCA, is such a deal a question of when not if? Read what Tavares, surely the industry’s most successful leader of the past few years, says about the challenges facing the European car business (p22), and such super-mergers seem inevitable. The investments needed to create cars that meet upcoming emissions legislation are so vast. A PSA-FCA merger would give the former…